Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter X. Share warrants

Collection:: Economics Books

[I2 SECRETARIAL PRACTICE 7. Each share warrant shall be in such language and form as the directors shall think fit. The number originally attached to each share shall be stated in the share warrant. 8. Coupons payable to bearer, of such number as the directors shall think fit, shall be attached to the share warrants providing for the payment of the dividends in respect of the share or shares included therein, and there shall be attached to each share warrant a talon or voucher exchangeable in due course for a fresh sheet of coupons and talon (comprising so many coupons as the directors shall determine), providing for the payment of subsequent dividends upon or in respect of such share or shares, and upon production and surrender of the appropriate talon, a fresh sheet of coupons with appropriate talon shall be issued to the person making such production and surrender. 9. Each coupon shall be distinguished by the number of the share warrant to which it belongs, and by a number showing the place it holds in the series of coupons belonging to the share warrant. The coupons shall not be expressed to be payable at any particular period, nor shall they contain any statement as to the amount which shall be payable. 10. Upon any dividend being declared to be payable upon the share or shares specified in any share warrant, the directors shall publish an advertisement in one daily newspaper published in London, and in such other newspapers, if any, as they shall think fit, stating the amount per share or per cent. payable, the date and place or places of payment, and the serial number of the coupon to be presented, and thereupon any person presenting and delivering up a coupon of that serial number at the place or one of the places stated in the said ad- vertisement shall be entitled to receive at the expiration of such number of days (not exceeding five), after so delivering it up as the directors shall from time to time direct, the dividend payable on the share or shares specified in the share warrant to which the said coupon shall belong, according to the notice which shall have been so given by advertisement. 11. The company shall be entitled to recognise an absolute right in the bearer for the time being of any coupon so advertised as aforesaid for payment to such amount of dividend on the share warrant whereto the said coupon shall belong as shall have been as aforesaid declared payable upon presentation, and delivery of such coupon shall be a good discharge to the company accordingly. 12. If any share warrant or coupon be worn out or defaced, the directors may, upon the surrender thereof for cancellation and upon payment by the applicant of the stamp duty imposed upon the issue of a new warrant and of such fee as the directors shall determine, issue a new one in its stead. 13. No person shall as bearer of a share warrant be entitled (a) to sign a requisition for calling a meeting or to give notice of his intention to submit a resolution to a meeting, or (b) to attend or to exercise any privilege as a member at a meeting unless he shall in case (a) before or at the time of lodging such requisition or giving such notice of intention as aforesaid, or in case (b) three days at least before the day fixed for the meeting have deposited at the registered office of the company or elsewhere, as the directors shall from time to time deter- mine, the share warrant or warrants in respect of which he claims to act and vote as aforesaid, and unless the share warrant shall remain so deposited until after the meeting and anv adjournment thereof shall

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